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Vietnam may have to reduce renewable power in next five years: institute

Hanoi (VNS/VNA) – It is likely that Vietnam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy.

Vietnam mulls multi-layered FIT scheme as it kicks energy transition into gear

The shape of Vietnam’s solar policy after its FIT regime expires in June will be one of the most hotly anticipated PV developments in Southeast Asia. According to a draft decision released by the Ministry of Industry and Trade, the 20-year FIT of $0.0935/kWh introduced in April 2017, and valid for projects that achieve commercial […]

Vietnam now AC energy’s biggest renewable market

Vietnam is now AC Energy Corp.’s largest market to date outside the Philippines with a total renewable energy (RE) capacity of 1,000 megawatts (MW).

Vietnam Offers Higher Solar Power Payments in Cloudy Regions

Solar investors in Vietnam could be encouraged to eye even the cloudiest corners of the country because of a government plan to base what it pays for solar-generated electricity largely on where the power originates. A Ministry of Industry and Trade proposal, which is open for public comment until Feb. 20, offers higher feed-in tariffs […]

Vietnam operates 24,300 rooftop solar power projects

Hanoi (VNA) – As many as 24,300 rooftop solar power projects with a total capacity of 465.8 MWp have been installed and put into operation by early March, according to the Electricity of Vietnam (EVN). The group said its National Load Dispatch Centre (NLDC) mobilized 1.8 kWh of electricity from renewable energy projects in the first two months of 2020, […]

Vietnam overtakes Australia for commissioned utility scale solar following June FIT rush

As developers scrambled to meet the end of June deadline to tap a generous feed-in tariff scheme, Vietnam saw unprecedented activity in its utility scale solar market, with multi gigawatts of PV capacity connected to the grid. While Australia and Vietnam have been progressively expanding over 12 months, the latest tally showed the Southeast Asian […]

Vietnam owns abundant potential for renewable energy development

Vietnam has set a target of raising renewable energy production from 58 billion kWh in 2015 to 101 billion kWh in 2020, 186 billion kWh in 2030, and 452 billion kWh in 2050. Under the renewable energy development strategy of Vietnam towards 2030 with a vision to 2050 that was approved by the Government in […]

Vietnam plans large-scale installation of floating solar PV panels

HANOI, Vietnam – The Asian Development Bank (ADB) on Wednesday signed a $37 million loan agreement with Da NhimHam ThuanDa Mi Hydro Power Joint Stock Company (DHD) to finance the installation of a 47.5 megawatt (MW) peak floating photovoltaic (PV) solar power facility on the man-made reservoir of DHD’s existing 175 MW Da Mi hydropower […]

Vietnam plans to double wind power generation by 2030

A power development plan published by Vietnam’s Ministry of Industry and Trade (MOIT) foresees a doubling of wind energy production by 2030 and a tripling of renewable energy production between 2030 and 2045. The national power development plan VIII (PDPVIII) contains plans to increase wind energy production from 600MW in 2020 to over 11 gigawatts […]

Vietnam PM wants to manage solar projects

Vietnamese Prime Minister Nguyen Xuan Phuc has requested the Ministry of Planning and Investment (MPI) propose suitable management solutions for solar power projects to ensure national security. The Government Office released the directive to the MPI, the Ministry of Industry and Trade and relevant agencies after local media reported that a Thai investor acquired solar power […]